PAG
Grand Cayman, Cayman Islands · CRD 161814
Hedge fund managerExempt reporting
PAG is an exempt reporting adviser based in Grand Cayman, Cayman Islands that reports managing 5 hedge funds on Form ADV. Its private funds, of all types, hold $28.6 billion in gross assets.
- Regulatory assets under management
- —Form ADV Item 5.F
- Gross assets of private funds
- $28.6 billionAll private fund types, Form ADV
- Hedge funds managed
- 535 private funds in total
- Employees
- —Form ADV Item 5.A
- Registration
- Exempt reporting adviserCRD 161814
- Latest Form ADV
- 03/31/2026Disciplinary disclosures: yes, see SEC record
Private funds reported on Form ADV (31)
Fund
Gross assets
Minimum
Owners
Adviser
PAG Asia III LP
Cayman IslandsPrivate equity fund
Gross assets$6.7B
Minimum$30.0M
Owners112
AdviserPAG
PAG Asia II LP
Cayman IslandsPrivate equity fund
Gross assets$6.0B
Minimum$30.0M
Owners81
AdviserPAG
Pacific Alliance Asia Opportunity Fund L.P.
Cayman IslandsHedge fund
Gross assets$3.2B
Minimum$5.0M
Owners51
AdviserPAG
PAG Loan Fund V LP
Cayman IslandsPrivate equity fund
Gross assets$2.1B
Minimum$20.0M
Owners73
AdviserPAG
PAG Asia IV LP
Cayman IslandsPrivate equity fund
Gross assets$1.6B
Minimum$30.0M
Owners30
AdviserPAG
PAG Enhanced Credit Fund III LP
Cayman IslandsPrivate equity fund
Gross assets$1.4B
Minimum$40.0M
Owners20
AdviserPAG
PAG Brs Fund II L.P.
Cayman IslandsPrivate equity fund
Gross assets$1.3B
Minimum$25.0M
Owners25
AdviserPAG
PAG Real Estate Partners II L.P.
Cayman IslandsReal estate fund
Gross assets$1.2B
Minimum$20.0M
Owners18
AdviserPAG
PAG Loan Fund IV L.P.
Cayman IslandsPrivate equity fund
Gross assets$1.1B
Minimum$20.0M
Owners51
AdviserPAG
Screp VII, L.P.
Cayman IslandsReal estate fund
Gross assets$1.0B
Minimum$10.0M
Owners26
AdviserPAG
PAG Asia I LP
Cayman IslandsPrivate equity fund
Gross assets$772M
Minimum$20.0M
Owners42
AdviserPAG
PAG China Credit Dislocation Fund LP
Cayman IslandsPrivate equity fund
Gross assets$569M
Minimum$10.0M
Owners11
AdviserPAG
PAG Special Situations Fund III L.P.
Cayman IslandsPrivate equity fund
Gross assets$555M
Minimum$10.0M
Owners54
AdviserPAG
PAG Asia Loan Fund III L.P.
Cayman IslandsPrivate equity fund
Gross assets$547M
Minimum$20.0M
Owners46
AdviserPAG
PAG Capital Structure Opportunity Fund LP
Cayman IslandsHedge fund
Gross assets$524M
Minimum$10.0M
Owners25
AdviserPAG
PAG Growth I LP
Cayman IslandsPrivate equity fund
Gross assets$380M
Minimum$10.0M
Owners13
AdviserPAG
PAG Real Estate Partners III L.P.
Cayman IslandsReal estate fund
Gross assets$372M
Minimum$20.0M
Owners15
AdviserPAG
Screp VI, L.P.
Cayman IslandsReal estate fund
Gross assets$355M
Minimum$5.0M
Owners23
AdviserPAG
PAG Asia Opportunity B Fund LP
Cayman IslandsHedge fund
Gross assets$355M
Minimum$2.0M
Owners15
AdviserPAG
PAG Special Situations Fund 3.2 L.P.
Cayman IslandsPrivate equity fund
Gross assets$354M
Minimum$10.0M
Owners21
AdviserPAG
PAG Growth II LP
Cayman IslandsPrivate equity fund
Gross assets$269M
Minimum$10.0M
Owners31
AdviserPAG
PAG Asia Opportunity S Class LP
Cayman IslandsHedge fund
Gross assets$201M
Minimum$200M
Owners1
AdviserPAG
Pacific Alliance Asia Special Situations Fund, L.P.
Cayman IslandsPrivate equity fund
Gross assets$122M
Minimum$10.0M
Owners52
AdviserPAG
PAG Asia Special Situations Fund II L.P.
Cayman IslandsPrivate equity fund
Gross assets$114M
Minimum$10.0M
Owners64
AdviserPAG
PAG China Special Situations Fund L.P.
Cayman IslandsPrivate equity fund
Gross assets$108M
Minimum$20.0M
Owners6
AdviserPAG
PAG Ren I, L.P.
SingaporeReal estate fund
Gross assets$96.6M
Minimum$10.0M
Owners3
AdviserPAG
PAG Enhanced Credit Fund II L.P.
Cayman IslandsPrivate equity fund
Gross assets$75.7M
Minimum$50.0M
Owners20
AdviserPAG
PAG Real Estate Partners L.P.
Cayman IslandsReal estate fund
Gross assets$54.1M
Minimum$10.0M
Owners9
AdviserPAG
Secured Capital Real Estate Partners V, L.P.
Cayman IslandsReal estate fund
Gross assets$38.7M
Minimum$5.0M
Owners8
AdviserPAG
Screp VIII, L.P.
Cayman IslandsReal estate fund
Gross assets$1.6M
Minimum$10.0M
Owners21
AdviserPAG
PAG Asia Loan Fund L.P.
Cayman IslandsPrivate equity fund
Gross assets$1.0M
Minimum$50.0M
Owners50
AdviserPAG
As reported in the adviser's Form ADV filed Aug 30, 2024. Funds also listed from Form D are shown above.
Fund vehicles: feeder funds and single-deal vehicles (1)
Fund
Gross assets
Minimum
Owners
Adviser
PAG Brs Fund L.P.
Cayman IslandsPrivate equity fund
Gross assets$217M
Minimum$25.0M
Owners9
AdviserPAG
Feeder funds invest through a master fund; single-deal vehicles (SPVs, co-investments, series) hold one investment.
From SEC filings. Firm data comes from the SEC's Form ADV data as of Oct 2, 2026; performance estimates come from Form 13F. AltMountain has not verified this information, and it is not an offer, solicitation or recommendation. Full disclosures